Listed by David Blalock • simpliHOM
$345,000
Est. payment /mo
2,051 SqFt
Coming Soon
1405 Highland Ave Columbia, TN 38401
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Key Details
Property Type Multi-Family
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,051 sqft
Price per Sqft $168
MLS Listing ID 3220545
HOA Y/N No
Year Built 1936
Annual Tax Amount $2,340
Lot Dimensions 53X92 IRR
Property Description
1405 Highland Ave is a centrally located stone triplex that blends historic character with proven investment performance. Located just steps from Columbia's thriving Arts District, the property is walkable to downtown restaurants, coffee shops, boutiques, and local favorites, positioning it in one of the city's most desirable high-traffic corridors.
This commercially zoned property (CD-3) has operated as a consistent cash-flowing rental for years and offers both stability and future upside. Last appraised at $375,000 in 2023, the property presents an excellent opportunity for investors seeking a workforce-grade rental with value-add potential through strategic cosmetic improvements and finish upgrades.
The property currently has two vacant units available for showing, while Unit #1 is occupied by a long-term legacy tenant on a month-to-month lease.
Capital improvements include approximately $30,000 in foundation work completed in 2021, new water heaters installed in 2024, and updated flooring in Unit #2 completed in 2021.
Seller is open to creative purchase structures including seller financing and lease-to-own terms for qualified buyers.
This commercially zoned property (CD-3) has operated as a consistent cash-flowing rental for years and offers both stability and future upside. Last appraised at $375,000 in 2023, the property presents an excellent opportunity for investors seeking a workforce-grade rental with value-add potential through strategic cosmetic improvements and finish upgrades.
The property currently has two vacant units available for showing, while Unit #1 is occupied by a long-term legacy tenant on a month-to-month lease.
Capital improvements include approximately $30,000 in foundation work completed in 2021, new water heaters installed in 2024, and updated flooring in Unit #2 completed in 2021.
Seller is open to creative purchase structures including seller financing and lease-to-own terms for qualified buyers.
Location
State TN
County Maury County
Zoning CD-4
Interior
Heating Natural Gas, Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplace N
Exterior
Utilities Available Natural Gas Available, Water Available
View Y/N false
Roof Type Shingle
Private Pool false
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Stone
New Construction false
Schools
Elementary Schools Highland Park Elementary
Middle Schools Whitthorne Middle School
High Schools Columbia Central High School
Others
Senior Community false
Special Listing Condition Standard
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